Answer: d. charge a high price to high-value consumers and a low price to low-value consumers
Explanation: Price discrimination as a selling strategy involves charging customers different prices for the same product or service. It is often based on what the seller thinks they can get the customer to agree to and that customers can be asked to pay more or less based on certain demographics or on how they value the product or service on sale. Therefore, for a firm to maximize total profits through price discrimination, it should charge a high price to high-value consumers and a low price to low-value consumers.
Answer:
b) it is impracticable to determine some period-specific effects.
c) it is impracticable to determine the cumulative effect of prior years.
Explanation:
According to the actual normativity these are the two options more consistent with the exercise.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Decrease.
b) Increase.
c) Remain constant.
d) Fluctuate randomly around its equilibrium value.
And the correct answer is the option B: Increase.
Explanation:
To begin with, in the microeconomics theory the supply curve is known for being the one who shows what quantity will be supplied by the offerents given a particular amount of price that is already establish by the interaction between the forces of the market given a perfect competitive market as an example. So in that graphic the supply curve will always have a positive slope and that is due to the law of supply that establishes that there is a direct relationship between the price a good and its supply, so that means that if the price a good increases its quantity supplied will increase as well with it.
Answer:
COGS = $120,000
Explanation:
We have to determine the average cost per unit:
- 10,000 units at $3 per unit, total cost $30,000
- 20,000 units at $6 per unit, total cost $120,000
There are 30,000 units with a total cost of $150,000. The average cost per unit = $150,000 / 30,000 units = $5 per unit
On August 15, 24,000 units were sold and the COGS was $120,000 (= 24,000 units x $5 per unit)
